Vietnam’s first electrolytic aluminium project has reached another major milestone, with the second phase of the 450,000-tonne-per-year (tpa) Da Nong project producing its first batch of molten primary aluminium on October 31, 2026. The milestone, achieved by China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. (NFC), which is the project’s general contractor, came four months and three days ahead of the contractual schedule, officially moving the second phase from construction to trial production. The latest development builds on the progress made during the first phase, which produced its first batch of molten primary aluminium on July 14. By September 15, all electrolytic cells in the first phase had successfully started producing aluminium. The second...
The London Metal Exchange (LME) aluminium price graph dipped across the pricing and contract segments on the November 2 trading session, reporting declines over the October 30 close . The Asian Reference Price and alumina Platts price, on the other hand, reported nearly 1 per cent gains. The LME aluminium cash bid price dipped by 0.63 per cent from USD 3,113.5 per tonne to USD 3,094 per tonne. The offer price moved from USD 3,114 per tonne to USD 3,095 per tonne, down 0.61 per cent day-on-day. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid advanced from USD 3,078 per tonne from USD 3,059.5 per tonne, decreasing by 0.6 per cent. The offer...
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The coalition of American Metal Manufacturers and Users asked President Joe Biden to end tariffs on aluminium and steel imports and setting the platform for a debate on protective trade measures. A few days earlier the US President said he would keep tariffs on aluminium imports from the United Arab Emirates, a major supplier, reversing a last-minute directive by Ex-President Donald Trump. But the Group said: “The tariffs hurt family-owned businesses and fractured relationships with trading partners.” A letter from the group stated that Biden to end former President Donald Trump’s tariffs and to ask countries to address the issue of excess aluminium and steel capacity in China. Paul Nathanson, the Executive Director of the group, said in the letter dated 10 th February 2021: “By taking...
According to the Shanghai Metals Market, primary aluminium ingot inventories in China have continued to build-up this week, on Wednesday, February 10. Data shows the stocks have significantly gained 61,000 tonnes across eight major consumption areas in China, including SHFE warrants, to come in at 775,000 tonnes. Last week, on February 4, primary aluminium inventories stood at 714,000 tonnes, increasing by 32,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories in Gongyi have expanded the highest by 19,000 tonnes to stand at 106,000 tonnes, followed by the surge of 15,000 tonnes in Wuxi to 266,000 tonnes. In Hangzhou and Nanhai, inventories have increased by 13,000...
Aluminium Bahrain (Alba) reported a Profit of BD32 million (US$85.1 million) in Q4 2020, up by 132% Year-over-Year (YoY). The Total Comprehensive Income came in at BD32.9 million (US$87.7 million), a jump of 138% YoY. Gross Profit increased to stand at BD60.1 million (US$159.9 million). Revenue from Contracts with Customers stood at BD278.8 million (US$741.5 million), down by 5% YoY in Q4. In 2020, Profit was BD9.7 million (US$25.9 million), up by 81% YoY. The company’s total Comprehensive Income was BD1.4 million (US$3.9 million), down by 73% YoY. Gross Profit rose 56% YoY to BD141 million (US$375 million). Revenue from Contracts with Customers was BD1,061.4 million (US$2,822.9 million), up by 3% YoY. “Alba’s top-line was driven in 2020 by higher metal Sales’ volume (14% YoY) and...
National Aluminium Company Limited (NALCO) has raised its aluminium ingot and aluminium products prices significantly with effect from Thursday, February 11, after reducing them last week. NALCO’s data shows its aluminium ingot price has soared by INR 4,600 per tonne to come in at INR 172,250 - 175,750 per tonne as of February 11. Last week, on February 5, NALCO’s aluminium ingot price was at INR 167,650-171,150 per tonne, down by INR 1,600 per tonne from the earlier week. NALCO’s wire rod price has also been raised by the same amount of INR 4,600 per tonne from INR 171,150-175,500 per tonne to INR 175,750 - 180,100 per tonne. Aluminium billets price is standing at INR 175,700 – 178,350 per tonne, also up by INR 4,600 per tonne from 171,100 – 173,750 per tonne on February 5. NALCO, like...
Rusal recently announced its fourth-quarter and full-year operating results of 2020, revealing that its aluminium production in Q4 stood at 950,000 tonnes, bringing the total full-year output to 3.755 million tonnes. The production in Q4 saw an increase of 1.2 per cent from 939,000 tonnes in Q3, while the output in the whole year stood flat compared to 3.757 million tonnes in 2019. Rusal’s Siberian smelters represented 93 per cent of total output in Q4 2020. In Q4, aluminium sales amounted to 1.028 million tonnes, with sales of value-added products (VAP) at 483,000 tonnes, reflecting recovery of VAP share in total sales mix to 47 per cent in Q4 from 37 per cent in Q2 2020. Aluminium sales in Q4 stood 2 per cent higher over the quarter from 1.008 million tonnes. In the whole year,...
Vedanta has hiked its aluminium products price for the fourth time in a row. With effect from Wednesday, 10 February 2021, the prices of some aluminium ingots are in the range of INR 172,250-185,250 per tonne. This marks a growth of INR 1,750 per tonne from INR 170,500-183,500 per tonne on February 09. The company’s billet price now stands at INR 180,250 per tonne on Wednesday, 10 February 2021, an increase of 0.98 per cent from INR 178,500 per tonne on February 09. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has been increasing since October. The price has climbed nearly 14% in the October-December. Vedanta’s aluminium business typically accounts for one-third of the...
In China, primary aluminium production stood at 3.32 million tonnes in January, registering an increase of 1.22 per cent month-on-month from 3.28 million tonnes in December and 8.14 per cent year-on-year, showed Shanghai Metals Market. China’s daily average primary aluminium output rose 1,400 tonnes from 105,800 tonnes in December to 107,200 tonnes in January, as Yunnan Shenhuo and Inner Mongolia Chuangyuan continued to release output. The proportion of aluminium water came in at 63.3%, down 3.3 percentage points month-on-month. As of early February, there were 39.55 million tonnes of capacity in operation among 43.20 million tonnes per annum of total existing capacity, while operating rates across smelters stood at 91.6 per cent. As new aluminium projects in Yunnan will continue to...
Benchmark aluminium price on London Metal Exchange rose 1.22 per cent to US$ 2070.5 per tonne on Wednesday, February 10, from US$ 2045.5 per tonne on Tuesday. As of Wednesday, February 10, LME aluminium cash (bid) price stands at US$ 2070.50per tonne, LME official settlement price stands at US$ 2070.50per tonne; 3-months bid price stands at US$ 2073 per tonne, 3-months offer price is US$ 2073 per tonne; Dec 21 bid price stands at US$ 2128 per tonne, and Dec 21 offer price stands at US$ 2128 per tonne. The LME aluminium opening stock stood at 1389975 tonnes. Live Warrants totalled 1170100tonnes, and Cancelled Warrants were 219875 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2070.83 per tonne. SHFE Aluminium Price Trend China market is closed for the Chinese New...
SMM aluminium ingot price has registered a hike for the five days in a row. As of Wednesday, 10 February 2021, the price now stands at RMB 15770 per tonne, marking a growth of RMB 30 per tonne. The price is expected to range at RMB 15750-15790 per tonne. In Foshan and Wuxi, the price has risen by RMB 30 per tonne and RMB 15 per tonne to stand at RMB 15770 per tonne and RMB 15775 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15800 per tonne and RMB 15760 per tonne, up RMB 15 per tonne and RMB 50 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi and Gongyi stand at RMB 15780 per tonne, RMB 15670 per tonne, RMB 15720 per tonne and RMB 15600 per tonne as of Wednesday, 10 February 2021, an increase of RMB 50 per tonne, RMB 20 per tonne, RMB 45 per tonne and RMB...
Three-month LME aluminium advanced 1.7% to close at US$2,061.5 per tonne on Tuesday, with open interest adding 4,006 lots to 725,000 lots. As of Tuesday, February 9, LME aluminium cash (bid) price stands at US$ 2045.50 per tonne, LME official settlement price stands at US$ 2045.50 per tonne; 3-months bid price stands at US$ 2052 per tonne, 3-months offer price is US$ 2052 per tonne; Dec 21 bid price stands at US$ 2115 per tonne, and Dec 21 offer price stands at US$ 2115 per tonne. The LME aluminium opening stock stood at 1395275 tonnes. Live Warrants totalled 1170850 tonnes, and Cancelled Warrants were 224425 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2040.68 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$...
On 9 th February 2021, Century Aluminium, the global primary aluminium producer with operations in the USA and Iceland, declared that it has named Gunnar Gudlaugsson as Executive Vice President, Global Operations. Mr Gudlaugsson has served in a variety of operational roles of increasing responsibility since he joined in 2018, which included most recently as Vice President, European Operations and Managing Director of Norðurál. A BS in Electrical Engineering, Mr Gudlaugsson also holds a PG in Master of Science - Electrical Power Engineering from the University of Aalborg in Denmark. Jesse Gary, COO, Century Aluminium, stated: "Our Board and I are thrilled to announce Gunnar's promotion to this critically important position. Since joining us in 2008, Gunnar has played a leading role in...
Vedanta Limited has increased its aluminium ingot and aluminium products prices for the third day in a row, with effect from Tuesday, February 9. Aluminium ingot price has been raised by INR 1,250 per tonne from INR 169,250-182,250 per tonne on February 6 to INR 170,500-183,500 per tonne on February 9. Vedanta is currently selling its aluminium wire rod at INR 178,000-185,500 per tonne, up by INR 1,250 per tonne from INR 176,750-184,250 per tonne last Saturday. The company’s aluminium billets price has come in at INR 178,500 per tonne compared to INR 177,250 per tonne on February 6. Vedanta Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which during February 5-8 increased incessantly to reach at US$...
On 8 th January 2021, the bond credit rating business of Moody's Corporation, Moody's Investors Service had withdrawn Press Metal Aluminium Holdings Bhd's Ba3 corporate family rating and negative outlook for business reasons. The bond rating firm said: "Moody's has decided to withdraw the rating for its business reasons.” However, the American financial services firm did not clarify any specific reasons behind the withdrawal of Press Metal’s rating. Press Metal initiated as a local aluminium extrusion company in 1986 and after over 30 years of growth, the company proclaims that presently it a globally integrated aluminium producer with the largest presence in Southeast Asia. Press Metal said: "From upstream smelting activities to downstream extruding operations, Press Metal is a fully...
AlCircle believes to stay at top of the mind of the global aluminium value chain industry, starting from publishing daily news update of the industry to various industrial reports on trending topics and publishing e-Magazines on time to time basis on global issues related to the industry. After the gala success of the July-August 2020, 5 th edition of our e-Magazine “COVID-19 impact: Importance and Emergence of Industry 4.0”, now on this January-February 2021, AlCircle launches the 6 th edition of its e-Magazine on the global trending topic “Green Aluminium: Sustainable Future for the Industry.” As we all know that metal producers are facing a dual challenge in the energy transition. First, they must meet the rising global demand for vital commodities and secondly they have to reduce...
A00 aluminium ingot price has increased further for the fourth day in a row by RMB 140 per tonne to RMB 15,740 per tonne amid muted input costs on Tuesday, February 9, found the Shanghai Metals Market. This marks the highest price since the beginning of 2021. According to SMM, the average prices are expected to range between RMB 15,720 per tonne and RMB 15,760 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. Shenyang has seen the highest growth in primary aluminium ingot price of RMB 210 per tonne to RMB 15,730 per tonne, followed by the surge of RMB 180 per tonne in Wuxi, Hangzhou, and Chongqing to stand at RMB 15,740 per tonne, 15,760 per tonne, and RMB 15,785 per tonne, respectively. In Tianjin and Linyi, A00 aluminium ingot price has climbed by RMB...
According to the report published by Bank of Central African States (BEAC), it has been stated that in 2020 Aluminium du Cameroun (ALUCAM) has exported 49,300 tonnes of aluminium. This export volume is recorded as the second-lowest by the aluminium company in a decade, as the bottom lowest was in the 2012 financial year when the export was marginally over 30,000 tonnes. The Central Bank data also reveals that the export trend of Alucam has remained downward in the past 10 years, aside from the 2015 and 2017 financial years when the company exported over 80,000 tonnes of aluminium. Its yearly aluminium exports plunged to 49,300 tons in 2020 from 80,000 tonnes in 2017. The drastic fall is due to the unfavourable situation Alucam drove itself into post the divestment of its strategic...
Three-month LME aluminium added 0.4 per cent to settle at US$ 2,027 per tonne on Monday after hitting a one-month high at US$ 2,040 per tonne earlier in the session, with open interest decreasing 4,352 lots to 741,000 lots. LME aluminium cash (bid) price and LME official settlement price opened the week on Monday, January 8, at US$ 2025.50 per tonne, a surge of US$ 18 per tonne from US$ 2007.50 per tonne on Friday, January 5. 3-months bid price and 3-months offer price climbed by US$ 15.50 per tonne from US$ 2012 per tonne to US$ 2027.50. Dec 21 bid price and Dec 21 offer price hovered around US$ 2096.50 per tonne. The LME aluminium opening stock decreased from 1406525 tonnes to 1402625 tonnes on February 8. Live Warrants totalled 1169125 tonnes, while Cancelled Warrants stood at 233500...
The independent climate and energy think tank focused on accelerating the global electricity transition, Ember said that the Chinese aluminium industry needs to pull down dedicated power capacity equivalent to more than Germany's entire coal fleet over the next decade to put China on track to meet its carbon neutral goals. China produces for more than half of global aluminium, churning out 37 million tonnes in 2020. President Xi Jinping has vowed China will achieve peak emissions by 2030 and carbon neutrality before 2060. Ember, in a report said: “China's record aluminium output last year emitted more CO2 than some entire countries, including Indonesia and Brazil.” Muyi Yang, the author of the report said: “China will need to shut around 47 gigawatts of inefficient, subcritical coal power...
